Industrial and Caustic Potash: A Global Strategic Business Report
San Jose, California (PRWEB) May 10, 2012
Follow us on LinkedIn – Potash is primarily available in the earth’s crust and deep water bodies. Globally, few countries contain deposits of potash rock which are commercially available for mining. Presently, a limited number of 14 countries are engaged in potash production, with Canada, Russia, Germany, and Belarus accounting for a majority share of the total world production. The global potash production is growing at a steady rate of 2-3% annually. Potash consumption is concentrated in Asia-Pacific, the US, and Europe, as these three regions jointly account for a lion’s share of worldwide potash fertilizer demand.
World production and trade of Potash in the years 2008 and 2009 was adversely affected as the global demand collapsed due to the economic downturn. Decline in the demand for potash in key end user segment such as fertilizers was one the major reasons, which impacted the growth prospects of the industry during the recessionary period. Post recession, the recovery pace is expected to be a gradual one, as opposed to the robust growth witnessed during pre-crisis period. In the upcoming years, it is estimated that demand in the mature and saturated North American market is likely to emanate from the non-agricultural sector, while in the emerging markets in Asia and the Latin American region, growth is expected to stem from the agricultural sector. Also, BRIC countries (Brazil, Russia, India and China) are also expected to contribute significantly towards spiking up the demand for Potash, as fertilizer requirements are expected to boom in these regions, with the growing adoption of western style, effective fertilization methods.
Asia-Pacific, driven by the high paced growth from emerging markets, such as China and India, constitutes the largest regional market, as stated by the new research report on Industrial and Caustic Potash. China and India are expected to account for major proportion of this growth. Asia is the world’s largest consumer of potash and the region is showing signs of intensifying production plants. India leads potassium demand in South Asia, and prominent consumers of potash in Southeast Asia include Vietnam, Malaysia, Philippines, Thailand, and Indonesia. The trend is reflected in the overall growth potential of the region, forecast to expand at the highest compounded annual growth rate through 2017. Europe and the US follow as the next largest markets for potash. Europe is one of the largest and mature markets for caustic potash. Germany, one of the major markets, alone possesses reserves for the next 20 years of production. Mines in Spain and UK have the potential to distribute potash for the next 6-8 years, while mines in France are exhausted. Potash prices have remained stable in the region for a long time, however, over the past few years, prices have increased significantly, due to the short supply and rising demand for potash in the region.
Fertilizers comprises the largest end-use segment of industrial and caustic potash. Over 92% of potash is exclusively consumed as a fertilizer, with the common form being potassium chloride or the Muriate of potash (MOP). For the first few years of the post recession period of the 1980s, most of the demand for the product was from the industrialized countries. However, over the past few years, demand for fertilizer has tilted towards the developing countries, such as China, India, and Pakistan. Major factors fueling the demand for fertilizers in these regions include growth in population and living standards, and availability of land for farming. The segment is also projected to sail ahead at the fastest CAGR over the analysis period.
Key market participants profiled in the report include Agrium Inc., Armand Products, Ashta Chemicals Inc., Haifa Chemicals Ltd., ICL Fertilizers, JSC Uralkali, K+S KALI GmbH, Occidental Chemical Corp., PotashCorp, Qinghai Salt Late Potash Co., Ltd., The Mosaic Company, among others.
The research report titled “Industrial and Caustic Potash: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industrial and caustic potash market, market trends, product overview, key markets worldwide, recent industry activity, and profiles of market players worldwide. Analysis and overview is provided for major geographic markets, such as the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and the Middle East. Market analytics are provided for the period 2009-2017 in terms of thousand tons at the manufacturer’s level for end use segments, including Fertilizers, Computer & TV Monitors, Food & Pharmaceuticals, Crystal & Ceramics, Soap and Others (dyes, oxalic acid, chemicals, paper, alkaline batteries, gas purification, etc.). The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
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